Incentive Compensation Contract Clause Examples
Considerations for Incentive Pay & Clawback Provisions
These policies, which in certain cases have leveraged a company's pre-existing compensation guidelines, generally apply to incentive compensation not yet paid.
Prime Contract – Clause H.21 | Office of General Counsel - Fermilab
(ii) Variable pay programs/incentives. If not already authorized under Appendix A of the contract, a justification shall be provided with proposed costs and ...
Sample Independent Contractor Agreement - Berkeley Law
In consideration for the services to be performed by Contractor, Client agrees to pay Contractor at the following rates: . Contractor shall be paid within a ...
Eligible Compensation: Key Contract Clause Explained - fynk
It typically includes regular wages but may exclude bonuses, overtime, or other irregular payments, with the exact definition varying depending on the terms ...
SUBPART 216.4 — INCENTIVE CONTRACTS
(2) The contracting officer shall pay particular attention to share lines and ceiling prices for fixed-price incentive (firm target) contracts, ...
Incentive Clause | Glossary - MLB.com
Incentives in contracts allow players to earn additional money by achieving certain predetermined benchmarks. Major League Baseball's Basic Agreement prohibits ...
The future of bonus clauses - First Reference
Among the most important clauses in the employment contract are the termination clause, and language around an employee's entitlement to receive their bonus ...
Fact Sheet #56C: Bonuses under the Fair Labor Standards Act (FLSA)
Sign-on bonuses given to employees with or without clawback provisions may be excluded as gifts or may be excluded under 29 U.S.C. § 207(e)(2) as other payments ...
Termination of Contract Clause | Ironclad
For example, the clause may require the parties to pay outstanding damages or fees, return assets, or continue following stipulations that will survive the ...
First Circuit Finds Commission Plan's Windfall Provision Permissible ...
Ultimately, the plaintiff filed Wage Act and breach of contract claims against VMWare for its failure to pay him commission on those two sales ...
Bonuses contractual and non contractual incentive based ... - Dentons
Bonus schemes tend to either operate outside the express terms of the contract of employment or be referred to in a manner involving discretion, ...
How to Use Clawback Clauses in Your Sales Compensation Strategy
For example, an organization may institute a three-month clawback, which states that a sales rep must return any earned commission if a customer ...
Does anyone have a good template for a sales compensation ...
Such deals must have no side agreements, refund clauses or other contingencies unless otherwise approved in writing by the CEO of Our Company.
Supreme Court of Canada: Incentive compensation is payable ...
The Supreme Court found that incentive plan compensation is payable during the reasonable notice period absent unambiguous language to the contrary.
2 CFR 200.430 -- Compensation—personal services. - eCFR
... provisions for cost-reimbursement contracts. For other types of Federal ... Incentive compensation to employees based on cost reduction, efficient ...
Pay or Play Contract (The Ultimate Producer's Guide) - Wrapbook
The clause guarantees that someone will get paid even if they don't do the job they were contracted to do. They either get paid or “play” and ...
Free Compensation Agreement Form (US) - LawDepot
1. Provide the parties's details · 2. Include the compensation details · 3. Select the agreement period · 4. Add any additional clauses and signing ...
10 Contract Clauses - About USPS home
“Claim,” as used in this clause, means a written demand or written assertion by one of the contracting parties seeking, as a matter of right, the payment of ...
This tension frequently results in a written agreement that contains language so broad that its enforce- ability becomes questionable. Retention ...
Evaluating Pay-for-Performance Contracts
... language in the agreement that says the mediation and arbitration provisions ... provisions that ensure that any incentive payments earned, but not yet paid as.